Author Topic: RobinHood race from $2,500 to $250,000  (Read 4990 times)

Rimu05

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Re: RobinHood race from $2,500 to $250,000
« Reply #50 on: October 28, 2018, 04:42:13 PM »
This is interesting to read, however due to the nature of my job. I have never bothered to get into trading because I'd have to go through compliance to do it and some things are completely forbidden for us to do.

Roland of Gilead

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Re: RobinHood race from $2,500 to $250,000
« Reply #51 on: November 02, 2018, 09:57:58 AM »
Start of November and broke $6000!

So what, about 5 months to go from $2500 to $6000?  Not horrible.

$6400 is the goal at the end of year 2 to keep on track for 60% gain each year to reach $250,000 in 10 years from the initial $2500.

So only $400 from that.


UnexpectedExpenseExpector

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Re: RobinHood race from $2,500 to $250,000
« Reply #52 on: November 12, 2018, 10:48:20 AM »
You keep rocking it @Roland of Gilead !  You may have to adjust your goal if you keep up at the present rate.

I got busy in October and wasn't able to get a post in but did pretty decent on the trading considering the market.

8/14/2018:  $5,940.64
8/27/2018:  $6,300.64  ($160 of new deposits, $200 of gains)
9/7/2018:   $13,990.99 ($7551.15 of new deposits, $139.20 of gains)
9/14/2018:  $15,559.24 ($1568.25 of gains)
9/19/2018:  $16,148.37 ($80 of new deposits, $509.13 of gains)
9/29/2018: $16,554.48 ($160 of new deposits, $196.11 of gains)
10/5/2018: $17,454.57 ($380 of new deposits, $520.09 of gains)
11/9/2018: $18,556.14 ($455 of new deposits, $646.57 of gains)




hops

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Re: RobinHood race from $2,500 to $250,000
« Reply #53 on: November 19, 2018, 11:36:22 AM »
A belated congratulations on the Endocyte buyout! Biotech stocks are my favorite to watch but I lack the intestinal fortitude for anything but the occasional very minor transaction (and I can only dabble in areas unrelated to my SO's work in medicine).

Roland of Gilead

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Re: RobinHood race from $2,500 to $250,000
« Reply #54 on: December 08, 2018, 08:50:29 AM »
Broke the $6400 mark.

Why is that number significant?  Well, it represents the amount you would need to have at the end of year two to be on your way to turning $2500 into $250,000 in 10 years.   Being that it has only been 5 months since I started this project, I am well ahead of schedule.

End of year three is a 60% gain on $6400, or $10,240

Sitting on all cash right now.   Might be some bargains out there soon.   I still like Arrowhead ARWR for some significant gains (or a way to lose a lot of money).   I might buy it again in the $12 area, it was like $13.10 Friday.

Gilead looks tempting at $68 but not sure it would be a big mover for this tiny account.   I could only buy around 90 shares.   It does pay a $0.54 dividend soon though which would be $50 more in the account (stock always seems to recover from the payout).


Roland of Gilead

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Re: RobinHood race from $2,500 to $250,000
« Reply #55 on: December 20, 2018, 09:37:58 PM »
For all my millions of followers, I am pleased to let you know the Robinhood race is still on!

I have weathered this market downturn nicely and now am at $6537

I was at $6613 yesterday but bought 95 shares of Celgene today for what turned out to be not quite the bargain price of $65.75

Not too worried, just will have to hold it a few days until cooler heads prevail and it returns to the high 60s.


gmdv

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Re: RobinHood race from $2,500 to $250,000
« Reply #56 on: January 06, 2019, 11:30:31 AM »
Alright, I'm in,  except mine is race from $100 to $1,000, LOL.  I'll be buying stocks under $5 with high buy rating, on days where the market drops, and will stick stop loss on all shares. Conservative gambling :)

blackletterlaw

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Re: RobinHood race from $2,500 to $250,000
« Reply #57 on: January 06, 2019, 12:17:13 PM »
Interested in following this as well. Iíve got very little in Robinhood and am risk-averse to this kind of thing.

How did you learn how to trade? Any recommended books?

As your money grows...do the size of our bets grow in charge? Like I would imagine only ever betting with something like 10-20% of my wealth as it grow...holding other money in coservative picks or keeping it as cash in by Robinhood account...

Anyway...congrats on having the skill and knowledge to do this successfully.

Roland of Gilead

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Re: RobinHood race from $2,500 to $250,000
« Reply #58 on: January 07, 2019, 06:08:02 PM »
I totally mess up on the last trade of 2018.  I sold the 95 shares of Celgene for about $64, a ~$200 loss.   I did this for tax reasons.

Stupid.

Celgene got bought out just 2 days later for $87.